This site uses Akismet to reduce spam. Kenya, Nigeria and 11 other countries have been listed under the Lower Middle-Income Countries by the United Nations Industrial Development Organisation (UNIDO) in a report submitted to the just concluded G20 Summit held in China. I have reservations on the upgrading of Zimbabwe from a low income to lower- middle income status as from 1 July 2019. It is repayable in three installments in 2026, 2027 and 2028. The situation on the ground is that production has gone down due to the unavailability of foreign currency to import critical raw materials, new machinery to retool and the unpredictable economic operating environment. Developmental Challenges for Middle-Income Countries, Oxford University Press, 2020 Salvador, Bahia, Brazil Many donor countries seem eager to see middle-income countries (MICs) “master out” and graduate to a non-client status in multilateral development institutions before fully achieving their development potential. “Of the Africa’s 54 countries, 48 are in sub-Saharan Africa and six in North Africa; 26 are middle-income countries, 34 LdCs, one is a high-income country, 16 are land-locked developing countries and six are Small Island developing states.” Reads the report. Based on Forbes’ 13th annual look at the Best Countries for Business, which measures countries that are most hospitable to capital investment. Jan. 28, 2019; Canoes abandoned by fishermen in Lagos, Nigeria. – Advertisment – Middle-Income Countries (MICs): As of July 2017, middle-income countries (MICs) are nations with a per capita gross national income (GNI) between $1,005 and $12,235. In Sub-Saharan Africa, countries with a gross domestic income (GDI) per capita of between $1,026 and $12,475 in 2015 and were classified as middle-income countries. The organisation encourages Africa to build strong institutions and viable investment climates in order to realise the full potential of public– private partnerships (PPPs) and the opportunities for collaboration among industry, governments and other stakeholders. Morocco is a relatively liberal economy that is governed by the law of supply and demand. (adsbygoogle = window.adsbygoogle || []).push({}); (adsbygoogle = window.adsbygoogle || []).push({}); Top 20 Most Indebted African Countries List, Russian President Vladimir Putin Drops Shocker About Islamic State Sponsors, 5 Top Celebrities With Irresistible Curves. This $11.1 billion debt was calculated in December 2012. A new approach is needed to help reduce undernutrition and obesity at the same time, as the issues become increasingly connected due to rapid changes in countries’ food systems. November 17, 2015, 8:14 am. The nation recorded a government debt to GDP of 46.10 percent in 2013. Being in debt is such an uncomforable position to be as an individual, organisation or a country. Your email address will not be published. This is a list of countries with low-income or middle-income economies. Zimbabwe has suffered economic decline under Mugabe’s leadership. Government debt to GDP averaged 83.54 percent from 2003 until 2011. Listwand have compiled Africa’s top countries for doing business in 2019. This includes personalizing content and advertising. American Academy Of Hospice and Palliative Medicine(AAHPM) in the USA is inviting applications for the International Physician Scholarship for Low/Middle Income Countries 2019. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. Ethiopia has an external debt of $9.9 billion as of December 2012. The nation’s external debt was estimated at $4.7 billion in 2012. Lower-income countries generally rely on open dumping; 93 percent of waste is dumped in low-income countries and only 2 percent in high-income countries. 1. The country has a population of over 40 million. Sudan is a highly indebted nation. Estimates are presented for LMICs as a group (132 countries) and, in some cases, by country-income group (low income, lower-middle income and upper-middle income) 5 or by geographic regions and subregions. 11. Recent growth has been due to growth in sales in commodities, services, and manufacturing. In February, the nation issued a $1 billion bond with a staggering repayment schedule at a yield of 6.625 percent. According to this year’s list, Mauritius is the best African country to do business in 2019 and the 39th best in the world. In 2019, Approximately 463 million adults (20-79 years) were living with diabetes; by 2045 this will rise to 700 million ; The proportion of people with type 2 diabetes is increasing in most countries; 79% of adults with diabetes were living in low- and middle-income countries In December 2012 the oil-rich nation’s debt was estimated at $10.1 billion. Taxes and tariffs are very high for private companies. For operational and analytical purposes, economies are divided among income groups according to 2019 gross national income (GNI) per capita, calculated using the World Bank Atlas method. Like many countries on this list, it is considered by the World Bank to be an upper middle country. The Organisation for Economic Co-operation and Development (OECD) compiles this information and revises it every three years. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use. South Africa – $137,500,000,000. July 16 2019 / by Baldwin Tong / MarketPro. The Libyan economy depends upon revenue from the oil sector, which accounts for 80 percent of GDP. South Africa has the second largest economy in Africa, with a gross domestic product of R5.078 trillion (US$351 432 million) and a population of 58.5 million. Methodology. Tunisia is an export-oriented nation. The estimated debt of $24.4 billion was last calculated on December 31, 2012. Macroeconomic overview. World Bank defined Libya as an upper middle income economy. We use cookies to understand how you use our site and to improve your experience. In 2014, Nigeria’s economy became the largest in Africa, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. As of 31 December 2012, South Africa had an external debt of $137.5 billion. Even though Tanzania is a poor country, it weathered the Great Recession (which began in 2008) relatively well. These are Angola, Botswana, Equatorial Guinea, Gabon, Mauritius, Namibia and South Africa who have a GDI of at least $4,036. There are 54 countries in Africa today, according to the United Nations. More than 85 percent of its debt is in arrears. Even though South Africa is an upper middle income economy, poverty and inequality remain widespread. It continues “The world has 48 LdCs: 34 being in Africa, 13 in Asia and the Pacific and one in Latin America. 1. Ethiopia is one of the fastest growing economies in the world. In 2018, an estimated 228 million cases of malaria occurred worldwide (95% confidence interval [CI]: 206–258 million), compared with 251 million cases in 2010 (95% CI: 231–278 million) and 231 million cases in 2017 (95% CI: 211–259 million). Congo’s 2012 external debt was estimated at $7.6 billion. July 18 2019 / by Andreas Birnstingl / MarketPro. In the year 2010, IMF and World Bank approved $1.9 billion in debt relief for the nation. The nation’s economy has taken a beating due to corruption scandals. 2. Nepal: Rocky road to success. IMF and World Bank announced $12.3 billion in debt relief for the nation in 2010. Clinton Briggs: American Soldier Lynched For Allegedly Young White Woman, Starbucks Names Mellody Hobson As Board Chair, The First Black Woman In The Role, Pierre Thiam: The Senegalese Chef Behind America’s New Favorite Supergrain, From Refugee To Airbus: Read The Inspiring Story Of Samuel Nen John-Phaltang From South Sudan, Harold Franklin Sr.: First Black Student to Integrate Auburn University Earns His Master’s 51 Years Later, Did You Know? SCDs were the fifth and seventh top causes of anemia among females and males, respectively, in 2010. South Africa is the country with the most debt in Africa. Republic of the Congo – $7,644,000,000. The groups are: low income, $1,035 or less; lower middle income, $1,036 - 4,045; upper middle income, $4,046 - 12,535; and high income, $12,536 or more. Political instability and corruption are major issues faced by the nation. MICs also represent about one-third of global GDP and are major engines of global growth. The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent.As of 2019, approximately 1.3 billion people were living in 54 countries in Africa. Tanzania’s 2013 Global Hunger Index was worse than any other country in the EAC except Burundi. The IDF Diabetes Atlas Ninth edition 2019 provides the latest figures, information and projections on diabetes worldwide.. Poverty in Southeast Asia: Lower-Middle Income Countries. Even though South Africa is an upper middle income economy, poverty and inequality remain widespread. The debt was 3.29 percent of GDP in 2013. Ghana’s public stock as a percentage of GDP as of September 18 2014 stood at 60.8 percent. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. South Africa is the country with the most debt in Africa. Most malaria cases in 2018 were in the World Health Orga… Algeria , the largest country in Africa by land area, is located in the Northern part of the continent. The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. Its external debt in 2012 was $5.4 billion. The nation has a Human Development Index of 0.484 and is ranked 164 out of 186; one of the lowest in the world. The nation announced in January that it would issue $1.75 billion of dollar denominated bonds and Islamic sukuks this year as it seeks funds to boost economic growth. When it comes to HDI, Tunisia ranks fifth in Africa. Poverty in East Asia and Southeast Asia: Upper-Middle Income Countries. External debt in Nigeria averaged $5943.38 from 2008 to 2015. Your email address will not be published. It recorded a government debt to GDP of 60.70 percent in 2013. Government debt to GDP averaged 36.76 percent from 2000 until 2013 as per the National Treasury. It increased to 39.3 percent in 2014.Libya had an external debt of $5.2 billion in 2012. The global burden of foodborne disease falls disproportionately on children under age five and on the populations of low- and middle-income countries in Asia and Africa. Mozambique ranks among the lowest in GDP per capita, measures of inequality, human development and average life expectancy. The 2012 external debt was $6.9 billion. Mauritius - $21,628. Ghana is an emerging market. In December 2012 Ghana’s external debt was estimated at $11.2 billion. Poverty and unemployment are major issues in Zimbabwe. All Rights Reserved. Government debt to GDP in the country averaged 86.46 percent from 2002 until 2013. Get the latest insights, stories and trends straight to your inbox. It ranks first in Africa for economic competitiveness. These are Angola, Botswana, Equatorial Guinea, Gabon, Mauritius, Namibia and South Africa who have a GDI of at least $4,036. Its $4.2 billion external debt was last calculated in 2012. However, the statistical definition of international remittances only partially reflects this common understanding. In Sub-Saharan Africa, countries with a gross domestic income (GDI) per capita of between $1,026 and $12,475 in 2015 and were classified as middle-income countries. Democratic Republic of the Congo – $7,644,000,000. Not included in this total of "countries" and listed separately are: Prior to the COVID-19 pandemic, the economy was showing signs of low growth, estimated at 0.15 percent in 2019, with negative growth already observed in the last two quarters of 2019. Remittances are usually understood as financial or in-kind transfers made by migrants to friends and relatives back in communities of origin. The nation was 186th among 187 nations. Even though Namibia enjoys high political, economic and social stability, the income gap between rich and poor is one of the most marked in the world. Rural poverty rate is around 78 percent. Lower Middle Income Class Poverty Line 723.1 in Angolan kwanza (2018) or US$3.20 (2011 PPP) per day per capita Upper Middle Income Class Poverty Line 1242.9 in Angolan kwanza (2018) or US$5.50 (2011 PPP) per day per capita Multidimentional Poverty Measure 56.3 2018 SHARED PROSPERITY The GNI per capita is the dollar value of a country's final income in a year, … This West African country’s economy is largely market-based. Even though Zambia is one of the fastest economically reformed nations in the world, about 68 percent of Zambians live below the poverty line. Reducing childhood respiratory morbidity and mortality in low and middle income countries: a current challenge Cristina Ardura-Garcia , Claudia E. Kuehni European Respiratory Journal Jul 2019, 54 (1) 1900987; DOI: 10.1183/13993003.00987-2019 Its 2012 external debt was $7.6 billion. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. The 11 other countries which were classified under the lower-middle-income countries are Cape Verde, Cameroon, Republic of Congo, Côte d’ivoire, Djibouti, Ghana, Lesotho, Mauritania,   São Tomé and Príncipe, Swaziland and Zambia. Libya’s national debt is increasing at an alarming rate. The region is composed of low, lower-middle, upper-middle, and high-income countries, 18 of which are fragile or conflict-affected. The classifications are updated each year on July 1 and are based on GNI per capita in current USD (using the Atlas method exchange rates) of the previous year (i.e. Government debt to GDP in 2013 was 42.80 percent. 2.1 Africa has the highest share of informal employment in the world, various years 47 2.2 Informal employment varies by gender and education, 2018 48 2.3 Informality is highest in low-income countries, and unemployment in middle-income countries in Africa, 1999–2010 49 In December 2012 Uganda’s external debt was $3.6 billion. 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Even though Angola has vast mineral and petroleum reserves, majority of its wealth is with a few people. But sometimes, debt is nearly inevitable and the African continent, despite its fast-rising economic growth rate has countries which owe trillions of dollars. As of 31 December 2012, Morocco had an estimated external debt of $29.4 billion. Leave us your email address and learn more about the world's most exciting equity markets. The nation is classified as an upper middle income country by the World Bank.Algeria’s external debt of $4.3 billion (2012) is low when compared to other African nations. The sectors the debt is invested on rank at the top of the necessity and returns scale. Learn how your comment data is processed. The nation recorded a government debt to GDP of 39.9 percent in 2013. Ethiopian economy is in a good shape. External debt is the total public and private debt owed to nonresidents, repayable in internationally accepted currencies goods or services. Twin presence of obesity and undernutrition reflects shifts in food systems16 December 2019 – Geneva. The stock exchange of Ghana is the fifth largest in Africa. Required fields are marked *. 12. 2019 Adding It Up study of sexual and reproductive health care provision in 132 LMICs in Africa, Asia, Eastern and Southern Europe, and Latin America and the Caribbean, which together had 1.6 billion women of reproductive age.13 The study included estimates of current coverage of essen-tial sexual and reproductive health services—derived using July 23 2019 / by Carlos Pavon / World Poverty. 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World Bank Africa Strategy for 2019… For the current 2021 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,035 or less in 2019; lower middle-income economies are those with a GNI per capita between $1,036 and $4,045; upper middle-income economies are those with a GNI per capita between $4,046 and $12,535; high-income economies … In 2000, it was among the Heavily Indebted Poor Countries (HIPC) debt relief initiative worth $1.3 billion. by Africa also has 13 small states, characterized by a small population, limited human capital, and a confined land area. Low- and middle-income countries in which obesity was once rare are seeing some of the fastest increases: In 1990, Vietnam's adolescent overweight rate … The economy of Uganda has been reformed and growth has been better. The report sees agribusiness as having a huge potential in Africa and LDCs,however, it notes that productivity is low and inefficient but stronger links between farmers and agro-industry and tighter clusters of small producers can enhance supply-chain efficiencies, improve access to local and global markets and increase real incomes of farmers, farm workers and their families. As of the 31 December 2013, Egypt had an external debt of $49 billion. The full list is shown in the table below, with current population and subregion (based on the United Nations official statistics). Africa is a resource-rich continent. It is Africa’s 10th richest country (GDP per capita) and the second largest oil producer in Africa. Copyright © 2020 AM Investor Services SRL. Algeria’s economy is largely based on hydrocarbons. Middle Income Countries are a diverse group by size, population and income level, and are home to 75% of the world’s population and 62% of the world’s poor. Ghana leadership is working towards making it first African nation to become a developed country between 2020 and 2029. As of 31 December 2012, Sudan had an external debt of $40 billion. 2019 in … Here are the top 10 African nations with the most debt, according to World Bank and CIA World Factbook with information regarding external debt of each country in US dollars. Nigeria is an emerging market. The nation’s government debt to GDP was 49 percent in 2014. Despite the average annual economic growth of 2.5% at the time Uganda’s poverty reduction did not change. Petroleum is the mainstay of the economy of the Republic of Congo. Low- and middle-income countries are estimated, in aggregate, to experience a productivity loss of some US$95 billion per year as a result of unsafe food. Three regions openly dump more than half of their waste—the Middle East and North Africa, Sub-Saharan Africa, and South Asia. The International Monetary Fund, the main provider of international remittances statistics based on Central Bank data, defines remittances as the sum of two main components i… The nation recorded a government debt to GDP of 27.4 percent. As of 2013, according to the Human Development Index, the Democratic Republic of the Congo has a low level of human development. Egypt recorded a government debt to GDP of a whopping 87.10 percent in 2013. In 2012 Mozambique had an external debt of $4.8 billion. Angola’s external debt of $19.6 billion was last calculated in 2012. The nation recorded a government debt to GDP of 46.10 percent in 2013. Scholarships are available to physicians who work in hospice and palliative medicine and who care for seriously ill patients. 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